Mar 17 8:30am BabyPips.com
The Kiwi was the one currency to rule them all during the session, thanks to rallying commodities and the risk-on vibes. The euro, meanwhile, got whupped after a poll showed Le Pen taking more ground. Continue reading → The post London Session Forex Recap – Mar. 17, 2017 appeared first on BabyPips.com.
Mar 17 7:46am Vladimir Ribakov
Here is the weekly summary March 17th 2017. The trading week is near its end and its time to recap the setups we had this week. Below you will find the short explanation of all setups that we had this week: Trades Summary: EURGBP – We got the correction, and the entry. You can move the stop loss to break even now to free the risk of the trade. EURCHF – Price reached the 1.0690-80 level, breakout happened and we are still in trade. AUDCAD – Breakout below 1.0210 didn’t happen yet. However if the last high 1.0267 is broken The post Weekly Summary March 17th 2017 appeared first on Vladimir Ribakov.
Mar 17 5:40am Forex.Info
Far-right lawmaker Geert Wilders conceited defeat in the closely watched Dutch election on Wednesday, pouring cold water on anti-European Union (EU) populism – at least for now. Provisional results on Thursday showed that Dutch Prime Minister Mark Rutte’s... The post Markets Breathe a Sigh of Relief as Far-Right Wilders Handed Defeat in Dutch Election appeared first on Forex.Info.
Mar 17 5:36am Forex.Info
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to... The post Friday 17-03-2017 Lookback appeared first on Forex.Info.
Mar 17 5:33am Forex.Info
The post FOMC USD selloff continues to be the main theme as the USD index has hit a 30-day low at 100.17. The Federal Reserve on Wednesday, raised interest rates by 0.25\% to a target range of 0.75\%... The post Bullet Report: EUR and GBP advance versus Dollar appeared first on Forex.Info.
Mar 17 5:19am Forex Crunch
EURUSD The intraday chart of EURUSD is trading quite nicely, showing us a five wave move to the upside is being made and suggesting that, maybe, a three-wave contra trend reaction could follow. Well, as we see on the chart, this five wave move to the upside is contained within an Elliott wave channel line, [...] The post Elliott Wave Analysis: EURUSD and SILVER appeared first on Forex Crunch.
Mar 17 5:03am BabyPips.com
What’s up with the BOE’s latest policy decision and why did the pound react as much as it did yesterday? Here are the 4 major takeaways from the last policy decision this week! Continue reading → The post 4 Main Takeaways from the BOE’s Policy Decision appeared first on BabyPips.com.
Mar 17 5:01am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0767): EURUSD advanced yesterday led by encouraging signs from the Dutch elections. The common currency closed at 1.0771 which is a strong resistance level that was firm on two previous occasions. A breakout above 1.0765 – 1.0800 resistance zone will no doubt be bullish for EURUSD which could extend gains to [...] The post EURUSD, GBPUSD and XAUUSD TA – March 17 2017 appeared first on Forex Crunch.
Mar 17 2:47am RTT - Currency Markets
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday, as investors continued to be optimistic after the U.S. Federal Reserve maintained its interest rate forecast for this year.
Mar 17 2:04am Forex Crunch
A week after the ECB made its shift to the hawkish side, the BOE joined with its own with one voter for a rate hike. What’s next? Further gains or a sell opportunity? Here is their view, courtesy of eFXnews: GBP: Gains Likely To Fade N-Term; Levels To Watch – Citi GBP recent gains are likely to [...] The post GBP/USD – what’s next after the hawkish tilt? – two opinions appeared first on Forex Crunch.
Mar 17 1:59am BabyPips.com
Ho-hum. Asian session forex traders took a chill pill today, as a lack of major catalysts inspired some to take profits ahead of the weekend. Continue reading → The post Asian Session Forex Recap – Mar. 17, 2017 appeared first on BabyPips.com.
Mar 17 1:11am Forex.Info
Forex trading is an art and it is important that a trader use the appropriate strategy to increase the likelihood of their trades being successful. To accomplish their goal of successful trading traders use indicators which are statistical... The post What are forex Indicators? appeared first on Forex.Info.
Mar 17 1:07am BabyPips.com
Got a whole bunch of new signals on the Inside Bar Momentum Strategy for both USD/JPY and GBP/JPY over the past few days! Check 'em out. Continue reading → The post Forex System Update: Inside Bar Momentum Strategy (Mar. 10-17, 2017) appeared first on BabyPips.com.
Mar 17 12:56am RTT - Forex Top Story
Foreign trade data from the euro area is due on Friday, headlining a light day for the European economic news.
Mar 16 9:54pm FXTechstrategy
The opening bell just sounded and you are putting on a trade. You’ve got your plan established…you’ll buy the demand level on the 60 minute chart of the NQ E-mini that you analyzed yesterday. The price action on the Globex chart is confirming the plan with an overnight low that coincides with the demand level that you established. You have your entry, target,Continue reading...
Mar 16 9:53pm BabyPips.com
I've already got one long euro play going on, but I've got my eye on another one with this break-and-retest situation on EUR/JPY. Think it could still reach my buy area? Continue reading → The post Trade Watchlist: EUR/JPY Broken Channel Pullback appeared first on BabyPips.com.
Mar 16 8:11pm BabyPips.com
Welcome to the last trading day of the week, forex junkies! End it strong with these hot trend and breakout plays on USD/CHF and GBP/JPY! Continue reading → The post Daily Chart Art – Mar. 17, 2017 appeared first on BabyPips.com.
Mar 16 7:41pm BabyPips.com
Mixed economic reports prevented the Greenback from establishing a clear direction, leaving the euro to steal the spotlight when a couple of ECB officials started talking. Continue reading → The post U.S. Session Forex Recap – Mar. 17, 2017 appeared first on BabyPips.com.
Mar 16 5:01pm BabyPips.com
Unfortunately my only trade for the week was a small loss. See how it all went down in today's Cowabunga Surf Report. Continue reading → The post Cowabunga Forex System Daily Update: Thursday, 03/16/2017 appeared first on BabyPips.com.
Mar 16 3:59pm BabyPips.com
Keeping it simple once again with this textbook range setup on AUD/USD. I'm still bullish in the Greenback over the Aussie, & I'm finally getting another chance to play at a potentially great price. Continue reading → The post Trade Idea: Strong Resistance on AUD/USD? appeared first on BabyPips.com.
Mar 16 3:17pm Forex Crunch
EUR/USD was rising on the dovish hike from the Fed (see the 5 dollar downers). And then. the pair extended its gain in the aftermath of the Dutch elections where mainstream parties beat the extreme ones. And after a period of consolidation, we hear some hawkish sounds from the European Central Bank. Peter Praet, usually [...] The post EUR/USD makes further gains on hawkish sounds from the ECB appeared first on Forex Crunch.
Mar 16 12:00pm Forex Crunch
The US dollar has been on the back foot since the Fed’s dovish hike (see 5 reasons why) but the team at CA sees a pullback and lists three reasons: Here is their view, courtesy of eFXnews: Credit Agricole CIB Research argues that the Fed’s message from its March meeting actually comprised a pretty optimistic view on [...] The post USD: 3 Reasons Why Pullback Will Likley Be Short-Lived – Credit Agricole appeared first on Forex Crunch.
Mar 16 11:46am Forex Blog
EUR/USD was little changed today, trading near the highest level in a month and a half, following yesterday’s decision by the Federal Reserve to hike interest rates. Today’s data from the United States was very mixed, giving little guidance to the currency pair. Housing starts were at the seasonally adjusted annual rate of 1.29 …...
Mar 16 10:42am BabyPips.com
Sup? For today's intraday charts update, we'll be checking up on our old setups for USD/JPY and CHF/JPY. And it goes without saying that we'll be looking for fresh setups as well. Continue reading → The post Intraday Forex Charts Update – Mar. 16, 2017 appeared first on BabyPips.com.
Mar 16 10:08am Forex.Info
Japan’s gross domestic product (GDP) expanded in the fourth quarter (Q4), although the underlying rate of growth was disappointing, it was a sign the world’s third largest economy was struggling to regain momentum after a prolonged downtrend. GDP... The post Japanese Economy Disappoints in Fourth Quarter appeared first on Forex.Info.
Mar 16 9:37am RTT - Forex Top Story
Philadelphia-area manufacturing activity grew at a slower rate in the month of March, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its diffusion index for general activity fell to 32.8 in March from 43.3 in February.
Mar 16 9:26am RTT - Forex Top Story
While the Commerce Department released a report on Thursday showing a rebound in new U.S. residential construction in the month of February, the report also showed a sharp pullback in building permits. The report said housing starts jumped by 3.0 percent to an annual rate of 1.288 million in February.
Mar 16 9:10am RTT - Forex Top Story
Policymakers of the Bank of England decided to maintain its record low interest rate, in a split vote, as one policymaker preferred a quarter point hike. The Monetary Policy Committee of the BoE, governed by Mark Carney, voted 8-1 to hold the key bank rate at 0.25 percent. Kristin Forbes voted to lift the bank rate by 25 basis points.
Mar 16 9:08am RTT - Forex Top Story
First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended March 11th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 241,000, a decrease of 2,000 from the previous week's unrevised level of 243,000.
Mar 16 8:52am Vladimir Ribakov
We have a good AUDCAD sell opportunity at the end of the cycle. Daily cycle appears to be nears its end and I’m looking to short the pair as long as the last high is holding. AUDCAD Daily Chart: I want to see a breakout below 1.0210 to consider this sell. A more aggressive protection will be placed above 1.0250 and to be more conservative you can place the stop loss above the last high. AUDCAD H1 Chart: Target 1 – 1.0110 Target 2 – 1.0017 You can get more trade ideas by joining my club for free now. Enroll The post Good AUDCAD Sell Opportunity At The End of The Cycle appeared first on Vladimir Ribakov.
Mar 16 8:38am Vladimir Ribakov
Hi Traders, US Session technical analysis March 16th is here. Market has created us some wonderful opportunities. An analysis of the newly formed setups in some of the major currency pairs are as follows: EURUSD H4 Chart: The price which moved higher after the breakout and reached a new resistance zone 1.073 has now moved down and reached the support zone 1.070. There is a regular bearish divergence at the moment hence we can expect the price to go below the 1.070 support level. Also looks like a triple cycle is being completed now. If the cycle completes and a The post US Session Technical Analysis March 16TH appeared first on Vladimir Ribakov.
Mar 16 8:32am Forex Crunch
FedA big bulk of US releases does little to alleviate the pressure that greenback faces since the Fed made its “dovish hike”. See 5 reasons for the dollar drop after the hike. US jobless claims ticked down to 241K, within expectations. They remain low, but this is not news. Housing starts are up 3\% to [...] The post Mixed US data does not help the beaten dollar appeared first on Forex Crunch.
Mar 16 8:30am BabyPips.com
Price action was kinda choppy on most pairs during today's morning London session. However, the pound got a bullish infusion late into the session, thanks to an unexpected move from a BOE official. Can you guess who and what he or she did? Continue reading → The post London Session Forex Recap – Mar. 16, 2017 appeared first on BabyPips.com.
Mar 16 8:00am Forex Crunch
Kristin Forbes surprised markets by voting for a rate hike in the BOE’s March meetings. She sees inflation as moving up “notably”. In addition, other MPC members are considering a reduction in monetary stimulus and not much is needed to trigger that. GBP/USD reacted very positively: rising above 1.23 and then extending its gains. It is [...] The post BOE sees one hawkish dissenter – GBP jumps appeared first on Forex Crunch.
Mar 16 7:16am BabyPips.com
So the Fed did raise interest rates as expected but somehow the dollar FELL after the event. Is this a sign of the dollar's future trend? Or are we actually provided with a better place to enter a long trade? Continue reading → The post Forex Watchlist: USD/JPY’s Post-FOMC Direction appeared first on BabyPips.com.
Mar 16 6:57am RTT - Forex Top Story
The Swiss National Bank retained its expansionary monetary policy on Thursday, and reaffirmed its stance to remain active in the foreign exchange market to prevent the franc from appreciating. The interest rate on sight deposits at the central bank was kept unchanged at -0.75 percent and the target range for the three-month Libor was retained between -1.25 percent and -0.25 percent, the bank said...
Mar 16 5:15am BabyPips.com
The Fed finally decided to hike and the Greenback plunged as a result. Wait, what? That's right! And if you're wondering why the Greenback plunged, or maybe you just wanna know some of the most important points from the Fed's March statement and presser, then here are the key highlights that you need to know about. Continue reading → The post 4 Highlights of the March FOMC Statement appeared first on BabyPips.com.
Mar 16 4:49am Vladimir Ribakov
Hi Traders, The Forex Crystal Ball software is set to a great public start as it already made some good profits and after the news yesterday, the market seems to be moving healthy again, which means trading opportunities are forming! If you want to learn more about my new software read my previous post or check out the official website. Don’t worry it is completely free and it is absolutely awesome! To find out more details on how exactly and where exactly to download your free copy of the strategy + software click here or here. Ok now to the essence. EURCAD The post Forex Crystal Ball Accumulating Profits Already + New Setups To Follow appeared first on Vladimir Ribakov.
Mar 16 4:27am Forex Crunch
Currencies are on the move in the middle of March, a time to be watchful. Here are two videos discussing technical levels for major currency pairs and then the crosses. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF. Lines of resistance and support for the following [...] The post Technical levels for majors anc crosses- Ides of March edition appeared first on Forex Crunch.
Mar 16 3:46am Forex Crunch
The Federal Reserve raised interest rates as clearly telegraphed but did not alter any of its forecasts. Here are 5 reasons for the fall of the dollar. The initial drop was followed by some consolidation in the Asian session. But now, at the wake of the European session, the greenback comes under fresh selling pressure. [...] The post USD still weak in the morning after – updates on 7 currencies appeared first on Forex Crunch.
Mar 16 3:36am RTT - Forex Top Story
China's central bank lifted its short-term interest rates, for the second time this year, hours after the U.S. Federal Reserve hiked its rate by a quarter point. The People's Bank of China on Thursday raised the 7-day reverse repo rate by 10 basis points to 2.45 percent.
Mar 16 3:12am Forex Crunch
Australia saw a loss of 6.4K jobs in February, significantly worse than a gain of 16.3K expected and after a rise of 13.5K in January. The shortfall was compounded by an increase in the unemployment rate: from 5.7\% to 5.9\%. Not all the details are terrible: full-time jobs were gained while part-time positions were lost. The [...] The post AUD/USD ascent halts after disappointing jobs report appeared first on Forex Crunch.
Mar 16 3:00am Forex Crunch
The Fed pushed the dollar lower and the Dutch elections provided another boost to EUR/USD. What’s next? Here is their view, courtesy of eFXnews: The overall message from the meeting was that the Fed is on track and delivered one of the three hikes it projected back in December 2016 -the Fed has not become more hawkish, [...] The post EUR/USD Post FOMC: S/T Momentum Indicators Turning Bullish – Danske appeared first on Forex Crunch.
Mar 16 2:42am BabyPips.com
It was a busy trading session for forex traders, as a couple of tier 1 economic events and reports pushed major currencies all over the charts. Here’s what you need to know! Continue reading → The post Asian Session Forex Recap – Mar. 16, 2017 appeared first on BabyPips.com.
Mar 16 2:29am RTT - Currency Markets
The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday, as New Zealand's gross domestic product rose less-than-expected on quarter in the fourth quarter of 2016.
Mar 16 2:15am RTT - Currency Markets
The Australian dollar weakened against the other major currencies in the Asian session on Thursday, after data showed that the unemployment rate in Australia rose more-than-expected in February.
Mar 16 1:46am RTT - Forex Top Story
The interest rate announcement from the Bank of England and the Swiss National Bank are due on Thursday.
Mar 16 1:14am RTT - Forex Top Story
The Bank of Japan decided to leave its monetary stimulus unchanged on Thursday after the U.S. Federal Reserve resorted to another rate hike. Governor Haruhiko Kuroda and his board members on Thursday decided by a 7-2 vote to maintain the central bank's target of raising the amount of outstanding Japan government bond holdings at an annual pace of about JPY 80 trillion.
Mar 16 12:11am BabyPips.com
It has been over a year since I last gave y'all an update on bitcoin so for those of you who are interested in cryptocurrencies, here's a rundown of what's going on in the industry these days. Continue reading → The post Will Bitcoin Industry Regulation Happen Soon? appeared first on BabyPips.com.
Mar 15 11:02pm BabyPips.com
So that breakdown didn't happen, huh? Well, I'm still keeping a bearish bias on this pair so I'm adjusting my entry strategy to catch a pullback at a much better price. Continue reading → The post Trade Adjustments: FOMC Breakdown for NZD/USD? appeared first on BabyPips.com.
Mar 15 9:40pm BabyPips.com
Profit-taking was the name of the game in the U.S. session as the Greenback got heavily dumped even after the Fed hiked interest rates as expected. Continue reading → The post U.S. Session Forex Recap – Mar. 16, 2017 appeared first on BabyPips.com.
Mar 15 9:30pm RTT - Forex Top Story
The unemployment rate in Australia climbed to a seasonally adjusted 5.9 percent in February, the Australian Bureau of Statistics said on Thursday.
Mar 15 9:24pm BabyPips.com
Who's up for a couple of long-term forex setups on the majors? I hope you are, because these daily charts on EUR/USD and GPB/USD are too good to miss! Continue reading → The post Daily Chart Art – Mar. 16, 2017 appeared first on BabyPips.com.
Mar 15 8:29pm FXTechstrategy
EURUSD: The pair rallied strongly to reverse its two-day losses on Wednesday. On the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Conversely, support lies at the 1.0650 level where a violation willContinue reading...
Mar 15 7:31pm Forex Blog
EUR/USD surged more than1\% today after the Federal Reserve hiked interest rates. That may seem counter-intuitive to some as currencies tend to rise when their respective central banks raise interest rates, thus the dollar should have rallied versus the euro, not vice versa. Yet such performance …...
Mar 15 7:15pm RTT - Forex Top Story
New Zealand's gross domestic product was up 0.4 percent on quarter in the fourth quarter of 2016, Statistics New Zealand said on Thursday.
Mar 15 5:45pm Forex Crunch
We gave 5 reasons for the fall of the dollar following the rate hike. Here are two additional opinions: Here is their view, courtesy of eFXnews: March FOMC: Today’s Hike Is An Early June Hike; 2 More Hikes In 2017 – SEB Following today’s Fed hike, SEB Research maintains its forecast of two more hikes in [...] The post March hike was just a calendar shift – two opinions appeared first on Forex Crunch.
Mar 15 5:00pm Forex Crunch
The Federal Reserve is one of 4 central banks that makes its decision in the next hours. The BOJ has the opportunity to react first and it is followed by the quarterly decision of the Swiss National Bank. The Bank of England will be the last one to move and will have a hard time [...] The post Upcoming events: Not only the FED: key events for all currencies appeared first on Forex Crunch.
Mar 15 4:04pm Forex Crunch
According to exit polls after voting ended at 20:00 GMT, the extreme-right Freedom Party (PVV) led by Geert Wilders will receive only 19 seats in parliament. This is far behind the mainstream Liberal Party (VVD) led by incumbent PM Mark Rutte which is on track to receive 31 seats. Turnout has been quite strong and real votes will [...] The post EUR/USD breaks resistance on favorable Dutch exit polls appeared first on Forex Crunch.
Mar 15 3:54pm Forex Crunch
In the past, the Federal Reserve was accused of “working for Wall Street”. This claim is questionable, but there is no doubt that the Fed watches markets. It’s no secret. When the Fed basically told us that it is raising rates in March, many thought that the Fed has upgraded its forecasts and is set to accelerate [...] The post Did the Fed “sneak in” a hike because of strong stocks? appeared first on Forex Crunch.